Bitcoin breaks new records — price surpasses $123,000
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day....
Elon Musk’s xAI has acquired his social media platform X in a $33 billion all-stock deal.
Elon Musk’s artificial intelligence firm, xAI, has acquired X—his social media company formerly known as Twitter—in an all-stock deal valued at $33 billion.
Musk said X, which has more than 600 million users, is closely tied to the future of xAI, the startup he launched two years ago. The deal consolidates two of Musk’s key ventures, alongside Tesla and SpaceX, and could streamline efforts to train his AI model, Grok.
He said the acquisition would enable the creation of a platform that not only reflects the world but also accelerates human progress.
Including $12 billion in debt, the deal is valued at $45 billion. Musk announced the transaction in a post on X, stating that the combined entity would carry a valuation of $80 billion.
Details remain unclear—such as whether investors approved the deal or how they will be compensated. It’s also uncertain how the acquisition will directly advance Musk’s AI goals, though closer integration with X may allow xAI to more rapidly deploy its latest AI models and features to a vast user base.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
A man was gored and seven others injured during the adrenaline-charged second day of Spain's iconic San Fermin bull running festival in Pamplona.
An Italian court has placed LVMH group's high-end Italian cashmere firm Loro Piana under judicial administration for a year after allegedly uncovering worker abuse inside its supply chain, in the latest in a string of cases that have tainted the image of Italy's luxury brand
A Moscow court has ruled that the assets of U.S.-owned canned food company Glavprodukt be handed over to the Russian state, the TASS news agency reported late on Friday, ending a months-long legal tussle over the company.
U.S. shoppers spent a record $24.1 billion online between 8 and 11 July as 'Black Friday-in-summer' discounts sparked a 30 % year-on-year jump, according to Adobe Analytics.
According to a Wall Street Journal report on Saturday, SpaceX is investing $2 billion into xAI as part of a broader $5 billion equity funding round, strengthening the connection between Elon Musk’s various ventures.
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening investor confidence.
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